AP Human Geography Economics and Industry Vocab.

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formulated a theory of industrial location: an industry is located where the transportation costs of raw materials and final product is a minimum.

Break-of-Bulk-Point

a location where transfer is possible from one mode of transportation to another.

Capital Resources

human-made goods, tools, machines, and buildings used to produce other goods and services.

comparative advantage

the ability of an individual to carry out a particular economic activity.

consumer services

buisness that provide services primarily to individual consumers.

cultural convergence

the tendency for cultures to become more alike as they increasingly share technology and organizational structures in a modern world united by inproved transportation and communication systems.

enclosure act

the process of consolidation small landholdings into a smaller number of larger farms in England during the 18th century.

fair trade

alternative to international trade that emphasizes small buisness and worker owned and democratically run cooperatives.

foundry

a workshop or factory for casting metal

fordist

carious social theories anbout production and related socio-economic phenomena.

gravity model

a model that holds the potantial use of a service at a particular location is directly related to the number of people in a location and inversly related to the distance people must travel to reach the service.

Hamlet

a small settlement, generally one smaller than a villiage

Heartland

the central, or most inportant part of a country, area, or field of activity

Hinterland

the area surrounding a town or port and served by it.

Industrial Triangle

located in Germany

Iron curtain

a national barrier that prevents the passage of information or ideas between political entities, in particular.

labor-intensive industry

labor costs make up a high % of total expenses

linear settlement

a small to medium sized settlement formed around a transportation route

megalopolis

a very large, heavily populated city or urban complex

OECD

organization for economic cooperation and development

productivity

the value of a particular product compared to the amount of labor needed to make it.

range

the maximum distance people are willing to travel to use a service

range-size rule

a pattern of settlements in a country, such as the nth largest settlement is 1/n the population of the largest settlement.

slag

stony waste matter seperated from metals during the smelting or refining of ore

textiles

a fabric made by weaving, used in making clothing

threshold

the minimum number of people needed to support a service

value added

the gross value of the product minus the costs of raw materials and energy